#Citi

36 articles tagged #Citi — curated RWA tokenization coverage.

#TokenizedDeposits #Tokenization #CrossBorderPayments #Blockchain #InstitutionalFinance #Swift #DBS #DigitalAssets #JPMorgan #Stablecoins

Infrastructure

The Digital Frontier: Collateral in a Tokenized World

Citi's latest whitepaper outlines a structural evolution in collateral management as financial markets transition toward continuous, 24/7 operations. The report highlights that institutional tokenization is moving past isolated proofs-of-concept to establish scalable operating rails across global banking, custody, and market infrastructures. By shifting collateral from a legacy administrative function into a programmable asset, firms can achieve greater liquidity optimization and portfolio efficiency. This transformation is presented as a critical necessity for institutions aiming to remain competitive in a modern, digital-first economy. The analysis emphasizes that the integration of digital assets and wallets into existing payment systems is no longer optional but a requirement for operational efficiency. As interoperability expands, the report serves as a strategic guide for asset managers and owners to navigate the next frontier of digital asset markets. Ultimately, Citi positions tokenized collateral as the essential plumbing required to support the future of global capital markets at institutional scale.

#Tokenization #InstitutionalFinance #DigitalAssets

citigroup.com·Oct 13, 20267.5

Infrastructure

Citi CEO Says Corporate Finance Wants Tokenized Deposits, Not Stablecoins

During Citigroup’s third-quarter 2026 earnings call, CEO Jane Fraser highlighted that institutional clients are increasingly favoring tokenized bank deposits over stablecoins for corporate treasury operations. Fraser noted that tokenized deposits offer a more seamless integration with existing accounting, tax, and compliance frameworks compared to the complexities associated with stablecoins. Citi’s token services are currently operational across seven global markets, facilitating 24/7 clearing and efficient internal fund transfers. This shift underscores a broader trend where banks are leveraging blockchain technology to maintain control over corporate cash management as ERP platforms and AI automate treasury decisions. By providing programmable money within the regulated banking system, Citi aims to capture the economic value generated by the daily movement and storage of corporate funds. The bank reported that its Treasury and Trade Solutions (TTS) average deposits reached approximately $1.04 trillion, marking a 16% year-over-year increase. This development signals that the future of digital payments may be defined by compatibility with traditional financial operations rather than just transaction speed.

#Blockchain #TokenizedDeposits #InstitutionalFinance

pymnts.com·Oct 13, 20268.0

Infrastructure

How to Set Up Tokenized Deposit Accounts with Institutional Banking Rails

Tokenized deposits are emerging as a critical tool for institutional banking, enabling 24/7 programmable settlement while maintaining traditional KYC and insurance perimeters. Major institutions like J.P. Morgan have launched USD-denominated deposits on the Base blockchain, while Citi has expanded its Token Services into Japan and the UAE. These instruments function as account-based assets, requiring rigorous integration with existing treasury management systems, ERPs, and compliance workflows. Unlike public crypto assets, these deposits operate within private, regulated banking networks, necessitating strict adherence to BSA/AML and sanctions screening protocols. Institutions typically begin with intrabank pilots to validate settlement and reconciliation before expanding to complex interbank corridors. Successful implementation requires mapping on-chain events to internal ledgers and establishing robust role-based access controls. This shift represents a significant evolution in liquidity management, allowing banks to reduce operational friction while retaining the security of traditional balance-sheet deposits.

#Base #JPMorgan #TokenizedDeposits

financefeeds.com·Oct 7, 20268.0

Infrastructure

Citi sees tokenisation driving shift to real-time treasury and capital markets

Citi Services is actively transitioning global financial infrastructure from legacy batch-processing systems to an always-on, event-driven model using blockchain and tokenization. The bank has deployed Citi Token Services, a private permissioned blockchain platform, which currently processes approximately US$1 billion in daily transactions across seven markets including the US, UK, and Singapore. By enabling near-instantaneous cross-border movement of tokenized deposits, Citi allows corporate treasurers to mobilize liquidity dynamically, bypassing traditional banking cut-off times and weekend closures. This initiative has been further bolstered by integrating tokenized cash solutions with Citi’s 24/7 USD Clearing network, connecting over 300 financial institutions globally. Beyond cash, the bank is expanding its Custody+ platform to include native digital asset custody, including Bitcoin, and has pioneered tokenized depositary receipts on the SIX blockchain. These developments represent a strategic shift to provide institutional clients with the speed of digital assets while maintaining the regulatory rigor of traditional banking. This evolution is critical for the RWA market as it establishes the necessary rails for seamless, real-time settlement of tokenized securities and trade instruments at a massive institutional scale.

#Blockchain #TokenizedDeposits #InstitutionalFinance

theedgemalaysia.com·Oct 5, 20268.5

Infrastructure

DTCC white paper outlines interoperability as key to scaling tokenization

The Depository Trust & Clearing Corporation (DTCC), Citi, and Swift have co-authored a white paper emphasizing that interoperability is the critical factor for scaling tokenized financial markets. The report argues that without connected infrastructure, digital assets will remain trapped in fragmented silos, leading to increased operational complexity and reduced liquidity. By enabling seamless movement of assets, cash, and collateral across diverse networks, these institutions aim to support automated servicing, compliance, and event-driven payments. The paper highlights that programmability allows for embedded governance and risk management directly within digital assets, which is essential for institutional-grade adoption. Beyond technical connectivity, the authors stress that regulatory clarity, legal certainty, and robust governance are mandatory prerequisites for the transition from pilot programs to full-scale implementation. This collaborative effort signals a shift in institutional focus toward building the foundational plumbing required for a unified digital financial ecosystem. Ultimately, the integration of these systems is presented as the primary mechanism to reduce friction and improve capital efficiency in global markets.

#Tokenization #Interoperability #DTCC

tradersunion.com·Sep 29, 20268.0

Infrastructure

Citi Launches Citi Token Services in Japan, Offering 24/7 Cross-Border Dollar Transfers

Citigroup has officially expanded its Citi Token Services to corporate clients in Japan and the United Arab Emirates, enabling near-real-time cross-border payments using tokenized deposits. This service allows institutional users to transfer US dollars 24/7, 365 days a year, bypassing traditional banking hours and holiday constraints. By utilizing a permissioned blockchain managed internally by Citi, the bank eliminates the need for clients to manage separate crypto wallets or open new accounts. The expansion brings the total number of markets supported by the service to seven, including the US, Ireland, Hong Kong, Singapore, and the UK. This development is significant for the RWA market as it demonstrates the practical application of tokenized deposits to streamline global liquidity management and reduce the need for pre-positioned capital. Furthermore, Citi announced an expanded partnership with Coinbase to facilitate the settlement of stablecoin payments into fiat currency for US corporate clients. These initiatives collectively signal a major shift toward blockchain-based infrastructure for traditional institutional treasury operations.

#Stablecoins #TokenizedDeposits #InstitutionalFinance

en.bloomingbit.io·Sep 29, 20268.5

Infrastructure

DBS, Citi complete cross-border USD payment with tokenized deposits

DBS and Citi have successfully executed the first cross-border USD payment between Singapore and the United States using tokenized deposits on the Swift Digital Ledger. This transaction, completed over a weekend, demonstrates the capability to bypass traditional banking hours and settlement delays that typically span up to two business days. By leveraging Swift's private, permissioned blockchain infrastructure, the banks achieved near-instantaneous settlement, providing a significant efficiency gain for global liquidity management. This milestone marks a transition from experimental blockchain pilots to real-world institutional adoption within the global banking system. The ability to move capital 24/7 is particularly critical for industries like e-commerce, where corporate treasurers require rapid responses to market volatility and foreign exchange risks. With Asia's outbound cross-border payments projected to reach US$24 trillion by 2033, this interoperability between traditional banking and digital networks is essential for future competitiveness. The collaboration underscores a broader industry shift as financial leaders increasingly integrate blockchain-powered tools into their core treasury and FX management strategies.

#CrossBorderPayments #TokenizedDeposits #Citi

theasset.com·Sep 11, 20268.5

Infrastructure

Citi Launches Tokenized Deposit-Based Cross-Border

Citigroup is set to become the first foreign bank to launch tokenized deposit-based international transfers in Japan by the end of the year. This service will facilitate instant, 24/7 cross-border payments for Japanese companies operating across five countries. By leveraging tokenized deposits, the bank aims to streamline transaction processes and enhance operational efficiency for businesses in a globalized market. This initiative represents a significant advancement in the integration of blockchain-based financial technology within traditional banking frameworks. The move is expected to set a new standard for banking services in Japan, potentially influencing other financial institutions to adopt similar innovations. While the broader cryptocurrency market experiences mixed momentum, Citi's commitment to this technology highlights a strategic shift toward real-time, programmable financial operations. The service will operate under Japanese financial regulations, ensuring compliance while introducing cutting-edge payment solutions to the region.

#CrossBorderPayments #TokenizedDeposits #Citi

coinfomania.com·Sep 9, 20267.5

Infrastructure

DBS and Citi partner to enable instant cross-border USD payments with tokenized deposits

DBS and Citi have successfully executed the first cross-border USD payment between Singapore and the United States using tokenized deposits on the Swift Digital Ledger. This transaction, completed over a weekend, bypassed traditional banking hours and settled in minutes, significantly improving upon the standard two-day industry norm. By leveraging blockchain-powered infrastructure, the banks aim to provide corporate treasurers with enhanced liquidity management and the ability to move capital across time zones instantaneously. This development addresses the growing demand for 24/7 financial services in Asia, where outbound cross-border payments are projected to reach $24 trillion by 2033. The collaboration highlights a shift from experimental blockchain pilots to real-world institutional adoption of tokenized money. DBS, which previously launched its own DBS Token Services and Treasury Tokens, remains a key participant in the Swift digital ledger core design group. This milestone underscores the broader industry trend of integrating traditional cash management with interoperable digital networks to increase global financial resilience.

#CrossBorderPayments #TokenizedDeposits #Citi

technode.global·Sep 8, 20268.5

Infrastructure

What DBS & Citi’s Tokenized Move Means for Stablecoin Payments

On September 8, 2026, DBS and Citi launched a pilot program enabling instant, 24/7 cross-border USD settlement using tokenized deposits. This initiative allows corporate payments to settle directly between bank accounts on a shared permissioned ledger, effectively bypassing the traditional correspondent-banking network. Unlike public stablecoins such as USDC or USDT, which operate on permissionless blockchains, these tokenized deposits represent digital claims on a commercial bank’s liability within a closed, regulated ecosystem. By wrapping existing dollar deposits into programmable tokens, the banks achieve near-instant settlement without the need for decentralized validators or gas fees. This development signals a significant shift in global treasury operations, as incumbent banks move to match the speed and efficiency previously offered only by crypto-native stablecoin rails. The move validates the growing institutional demand for digital dollar movement while highlighting a bifurcated future where bank-issued tokens and public stablecoins coexist for different use cases. For the RWA market, this underscores the accelerating integration of traditional banking infrastructure with blockchain-based settlement technologies.

#Stablecoins #CrossBorderPayments #TokenizedDeposits

onesafe.io·Sep 8, 20268.0

Infrastructure

MEXC On-Chain Daily Report: DBS and Citi Enable Instant 24/7 Cross-Border USD Payments With Tokenized Deposits

DBS Bank and Citi have successfully completed a pilot program utilizing tokenized deposits to facilitate instant, 24/7 cross-border USD payments. This initiative leverages the Singapore-based DBS bank's infrastructure and Citi's global treasury network to streamline liquidity management and settlement processes. By utilizing tokenized deposits, the banks aim to eliminate the inefficiencies associated with traditional correspondent banking, such as delayed processing times and limited operating hours. The pilot demonstrated the ability to execute near-instantaneous transfers, significantly reducing the friction typically found in international financial transactions. This development marks a notable shift toward the institutional adoption of blockchain-based settlement layers for traditional banking services. As major global financial institutions continue to integrate tokenized assets, the broader RWA market gains increased legitimacy and technical validation. The success of this collaboration highlights the growing trend of banks transitioning from experimental blockchain pilots to functional, high-value payment solutions.

#InstitutionalDeFi #CrossBorderPayments #TokenizedDeposits

mexc.com·Sep 8, 20268.0

Infrastructure

DBS and Citi complete weekend USD payment via Swift’s Digital Ledger using tokenized deposits

DBS Bank and Citi have successfully executed a live cross-border payment using tokenized deposits on the Swift blockchain ledger. This transaction marks the second confirmed use of Swift's distributed ledger technology, demonstrating the network's capability to facilitate instant, 24/7 settlements. By leveraging tokenized deposits, the banks aim to modernize traditional correspondent banking rails that typically suffer from delays and limited operating hours. The integration highlights Swift's strategic pivot to remain competitive against emerging digital payment infrastructures and private blockchain solutions. This development is significant for the RWA market as it validates the utility of tokenized commercial bank money in institutional cross-border flows. The successful pilot underscores a growing industry trend where traditional financial institutions utilize blockchain to enhance liquidity management and settlement efficiency. As Swift continues to test its ledger, the move signals a broader institutional shift toward programmable money and real-time global value transfer.

#CrossBorderPayments #TokenizedDeposits #Citi

CoinDesk·Sep 7, 20268.5

Infrastructure

Citi, DBS Complete First Weekend Tokenized Deposit Transfer on Swift Ledger

Citi and DBS have successfully executed a cross-border transfer of tokenized deposits using the Swift Digital Ledger, marking the first time such a transaction occurred over a weekend. By processing the remittance outside of traditional banking hours, the banks achieved final settlement in mere minutes, a significant improvement over the standard two-day processing window. This milestone follows Swift's July announcement regarding the rollout of its blockchain-based ledger, which involves 17 major global financial institutions including HSBC, UBS, and Standard Chartered. The successful pilot demonstrates the potential for blockchain technology to eliminate the friction and time delays inherent in legacy cross-border payment systems. This development is part of a broader industry trend where major banks are actively building infrastructure for tokenized deposits to modernize interbank settlements. Citi is currently working toward launching a dedicated tokenized deposit network by the first half of next year, while DBS continues to collaborate with JPMorgan on an on-chain interbank transfer framework. These initiatives collectively signal a shift toward 24/7 global liquidity management through institutional-grade distributed ledger technology.

#CrossBorderPayments #TokenizedDeposits #Citi

en.bloomingbit.io·Sep 7, 20268.5

Infrastructure

Citi issues tokenized structured note bought by Banco do Brasil

Banco do Brasil has invested $5 million into a digitally native structured note issued by Citi, marking the first such transaction for a Latin American financial institution. This investment follows Citi's initial launch of its tokenized structured note program in March, which utilizes Euroclear’s D-FMI platform for digital asset issuance. The transaction was executed on August 19 using Banco do Brasil's proprietary treasury capital rather than client funds. Citi facilitated the issuance through its Luxembourg entity, with the London branch acting as the issuing and paying agent. While the underlying reference asset remains undisclosed, the deal highlights the growing institutional adoption of distributed ledger technology for traditional financial instruments. By participating in this program, Banco do Brasil aims to contribute to the development of global standards and infrastructure for digital assets. This move underscores the increasing integration of blockchain-based settlement systems within international banking operations to enhance market efficiency and security.

#Citi #Euroclear #BancoDoBrasil

ledgerinsights.com·Sep 4, 20268.0

Infrastructure

Citi's use of Swift blockchain extends tokenized deposits' reach

Citi has integrated its proprietary Citi Token Services with Swift’s new permissioned blockchain network to enable the cross-institutional movement of tokenized deposits. Previously, Citi’s tokenized deposits were restricted to its internal network, creating a siloed environment that limited the utility of digital assets for global payments. By leveraging Swift’s distributed ledger, which utilizes a layer-two protocol compatible with Ethereum and developed with Consensys, Citi can now facilitate interoperability with other major financial institutions. This development addresses the central limitation of proprietary ledgers by providing a common coordination mechanism for banks to settle transactions without building complex bilateral connections. Seventeen major global banks, including BNY, HSBC, and UBS, are supporting this initiative to modernize correspondent banking. The integration allows for immutable payment messaging while maintaining the security and compliance standards of the traditional Swift network. This move represents a significant step toward a hub-and-spoke architecture that could eventually scale tokenized deposit settlements to a global level.

#Ethereum #TokenizedDeposits #Interoperability

americanbanker.com·Sep 4, 20269.0

Stocks

Citi expands servicing role as Global X ETFs adds tokenised class

Citi has expanded its long-standing relationship with Global X ETFs to provide comprehensive transfer agency services for the firm's newly launched tokenized share class. This development marks a significant integration of traditional institutional custody infrastructure with blockchain-based fund distribution. By leveraging Citi’s established servicing capabilities, Global X aims to streamline the operational complexities associated with managing tokenized assets for institutional investors. The move underscores a growing trend where major global custodians are adapting their legacy systems to support the lifecycle of on-chain financial products. This partnership highlights the increasing demand for regulated, institutional-grade support for tokenized investment vehicles in the ETF space. As traditional financial institutions continue to bridge the gap between conventional markets and distributed ledger technology, such collaborations serve as a blueprint for future fund tokenization. The expansion of Citi’s role demonstrates that institutional trust and regulatory compliance remain the primary drivers for the mainstream adoption of tokenized real-world assets.

#TokenizedFunds #Citi #ETFs

globalcustodian.com·Aug 27, 20267.5

Active Strategies

Global X ETFs, Citi and OSL Launch Hong Kong's First Tokenized Covered Call ETF

Mirae Asset Global Investments (Hong Kong) has launched a tokenized unit class for its Global X HSCEI Covered Call Active ETF, marking the first such product in the Hong Kong market. This initiative, executed in collaboration with Citi and OSL Group, allows investors to hold fund units on a blockchain network to improve operational efficiency and transparency. Citi provides trustee, custody, and transfer agency services, while OSL utilizes its Tokenworks platform to manage the tokenization process under the oversight of the Securities and Futures Commission. The ETF, which references the Hang Seng China Enterprises Index, aims to provide monthly income distributions to both institutional and retail investors. By moving from strategy innovation to infrastructure innovation, the project aligns with the Hong Kong government's policy to foster digital asset development. This launch demonstrates how traditional financial institutions are integrating blockchain technology to streamline fund administration and settlement processes. The move signifies a broader trend of institutional adoption of tokenization to enhance the accessibility and management of regulated investment products.

#HongKong #Citi #GlobalX

tradingview.com·Aug 27, 20268.0

Infrastructure

Standard Chartered and HSBC complete first tokenised deposit transaction, Citi launches near-real-time custody solutions

Standard Chartered and HSBC have successfully completed the first live cross-border transaction using tokenised deposits via Swift’s blockchain-based ledger. This milestone test demonstrated interoperability between two distinct bank-issued tokenised deposit infrastructures, utilizing Swift’s ledger to match and net obligations before final settlement. By reconciling obligations from different banks through a shared infrastructure layer, the test proves that existing banking systems can support tokenized assets without requiring entirely new settlement rails. Simultaneously, Citi launched Custody+, a suite of digital tools designed to provide institutional clients with near-real-time access to custody data and asset servicing workflows. These developments represent a significant step in integrating blockchain-based tokenization into traditional institutional banking frameworks. While the Swift test focused on cross-border deposit interoperability, Citi’s initiative enhances the operational efficiency of managing global portfolios. Together, these advancements highlight the growing institutional focus on leveraging distributed ledger technology to modernize legacy financial infrastructure.

#TokenizedDeposits #Citi #HSBC

theasianbanker.com·Aug 25, 20268.5

#Citi

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